Surging Global Travel Trends Ignite Growth In Aviation Gas Turbine Market Driving Market Acceleration in the Aviation Gas Turbine Industry, 2025

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How Large Will the Aviation Gas Turbine Market Size By 2025?
Over the past few years, the size of the aviation gas turbine market has seen a significant increase. It is projected to expand from $11.4 billion in 2024 to $12.2 billion in 2025, representing a compound annual growth rate (CAGR) of 7.0%. Factors that have contributed to the growth during the historical period include rising demand for air travel, alterations in regulations, geopolitical elements, alterations in the airline industry, and trends in supply chain and manufacturing.

How Big Is the Aviation Gas Turbine Market Size Expected to Grow by 2029?
There is a prediction for substantial expansion in the aviation gas turbine market over the next few years, growing to a value of $15.64 billion by 2029, with a CAGR of 6.4%. Factors driving this growth during this period include green aviation initiatives, the trend towards electrification, the rise of emerging markets and regional expansion, cybersecurity issues, and materials innovation. Prominent trends for the forecast period encompass an amplified demand for fuel efficiency, advanced materials, and techniques, an increasing emphasis on maintenance, repair, and overhaul (MRO) services, adoption of digital technologies, a shift towards sustainable aviation, and a booming urban air mobility (UAM) sector.

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Which Key Market Drivers Powering Aviation Gas Turbine Market Expansion and Growth?
The rise in global travelers is projected to stimulate the aviation gas turbine market's growth. A global traveler is defined as an individual who often travels overseas or moves from one location to another. Gas turbines work on the principles of compression, combustion, and expansion. As the velocity of the air decreases, the pressure and temperature of the air increase, maintaining the power-to-weight ratio and thereby enhancing in-flight comfort. For example, the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australian entity specializing in economic research, analysis, and statistics, reported in 2022 that total passenger movements rose from 1.23 million in November 2021 to 16.68 million in November 2022. Thus, the growing ranks of global travelers are fueling the expansion of the aviation gas turbine market.

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Which Fast-Growing Trends Are Poised to Disrupt the Aviation Gas Turbine Market?
Big firms in the aviation gas turbine market are concentrating their efforts on creating single-engine turboprops, a move aimed at increasing fuel efficiency, cutting operational expenses, and enhancing performance for short-distance flights in both the commercial and private aviation sectors. A single-engine turboprop is an aircraft that is powered by one turboprop engine, boasting benefits of both jet and propeller-powered engines. For example, Piper Aircraft Inc., an American company, launched the M700 Fury, a single-engine turboprop, in February 2024. With a maximum cruising speed of 301 knots, it is the quickest single-engine aircraft in Piper's history. The M700 Fury also has an impressive climb rate of 2,048 feet per minute, which is about 30% more than the M600. It also provides six new customizable interior design options, giving customers a range of color schemes and high-end materials to improve their comfort and the aircraft's aesthetic appeal.

What Are the Emerging Segments in the Aviation Gas Turbine Market?
The aviation gas turbine market covered in this report is segmented -

1) By Type: Turbojet, Turbofan, Turboprop, Other Types
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications

Subsegments:
1) By Turbojet: Single-Stream Turbojets, Twin-Stream Turbojets
2) By Turbofan: Low-Bypass Turbofans, High-Bypass Turbofans
3) By Turboprop: Regional Turboprop Engines, Military Turboprop Engines
4) By Other Types: Turboshaft Engines, Direct-Fan Engines, Hybrid Engines

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Who Are the Global Leaders in the Aviation Gas Turbine Market?
Major companies operating in the aviation gas turbine market include General Electric Company, CFM International Inc., Pratt & Whitney Co. Inc., Rolls-Royce Holdings plc, Avio SpA, Engine Alliance LLC, International Aero Engines AG, MTU Aero Engines AG, United Engine Corporation, Raytheon Technologies Corporation, Williams International Co. LLC, Safran Aircraft Engines, EuroJet Turbo GmbH, Honeywell International Inc., IHI Corporation, Klimov JSC, Kawasaki Heavy Industries Ltd., Safran SA, Solar Turbines Incorporated, Siemens Energy AG, Mitsubishi Heavy Industries Ltd., MAN Energy Solutions SE, MTU Turbomeca Rolls-Royce GmbH, Motor Sich JSC, Chromalloy Gas Turbine LLC, Capstone Turbine Corporation, GKN Aerospace Services Limited

Which are the Top Profitable Regional Markets for the Aviation Gas Turbine Industry?
North America was the largest region in the aviation gas turbine market in 2024. The regions covered in the aviation gas turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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